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Indus Towers PAT up 49% in Q2, Vi challenges remain

Indus Towers managing director Prachur Sah said the company clocked record tower additions for a quarter in the three months ended September, surpassing the June quarter performance on this metric.

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Indus Towers gains as Q2 net profit jumps 49%

The company reported an increase of 16,286 towers on year-on-year basis, taking the total number to 2,04,212.

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Indus Towers: Indus PAT up 49% in Q2, Vodafone Idea challenges remain, ET Telecom

“The funding plan of the said customer (read: Vi) has not materialised till the current quarter, and the said customer has indicated challenges in making committed payments pertaining to outstanding amounts due as at December 31, 2022,” Indus Towers said.

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Haven t written off receivables from Vodafone Idea: Indus Towers

Indus Towers, during its fiscal second-quarter earnings call, announced that it has been receiving monthly payments from Vodafone Idea (Vi). The tower infrastructure company is also engaged in discussions with Vi to recover past dues while closely monitoring Vi s fundraising efforts. Indus Towers reported negative free cash flow (FCF) for the second consecutive quarter.

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Expect monthly payment from Vodafone Idea to continue: Indus Towers

Expect monthly payment from Vodafone Idea to continue: Indus Towers
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